Question
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May 24 103.4547 103.5275 +.3235 5.899 6.002 May 29 104.4887 104.6344 +.4233 ?? 6.138 May 39 ?? ?? +.5340 3.931 In the above table, find the Treasury bond that matures in May 2029. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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